An M&A deal in China

And moreover, it''s in the tech sector.

In what marks a new trend of tech MA, Asiainfo has bought a stake in Intrinsic Technologies.

The deal is interesting on several scores. Not only is it a deal between two Shanghai-based companies, it also marks a trend of a bigger, listed entity buying into a company with some proprietary technology which has the potential to be sold globally.

Asiainfo which was advised by CSFB has bought an undisclosed stake in Intrinsic for $8.2 million, with a...